Equities analysts forecast that Clarus Corp (NASDAQ:CLAR) will post $44.73 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Clarus’ earnings, with estimates ranging from $42.50 million to $45.90 million. Clarus posted sales of $45.88 million during the same quarter last year, which would indicate a negative year over year growth rate of 2.5%. The company is expected to report its next quarterly earnings report on Monday, August 5th.
According to Zacks, analysts expect that Clarus will report full year sales of $230.77 million for the current year, with estimates ranging from $230.00 million to $232.00 million. For the next fiscal year, analysts anticipate that the business will post sales of $249.72 million, with estimates ranging from $248.20 million to $252.00 million. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Clarus.
Clarus (NASDAQ:CLAR) last posted its earnings results on Monday, May 6th. The company reported $0.20 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.05. Clarus had a net margin of 4.85% and a return on equity of 11.92%. The company had revenue of $61.22 million for the quarter, compared to analyst estimates of $58.13 million.
Shares of CLAR traded up $0.64 on Friday, reaching $14.42. The company’s stock had a trading volume of 231,238 shares, compared to its average volume of 152,900. The company has a quick ratio of 2.22, a current ratio of 5.25 and a debt-to-equity ratio of 0.11. Clarus has a twelve month low of $7.85 and a twelve month high of $15.10. The firm has a market cap of $418.47 million, a PE ratio of 25.30, a PEG ratio of 2.01 and a beta of 1.34. The company has a fifty day moving average of $13.64.
A number of hedge funds have recently modified their holdings of CLAR. Acadian Asset Management LLC purchased a new position in Clarus in the 4th quarter worth $58,000. Metropolitan Life Insurance Co. NY purchased a new stake in Clarus during the fourth quarter worth about $77,000. Strs Ohio purchased a new stake in Clarus during the first quarter worth about $108,000. Handelsinvest Investeringsforvaltning purchased a new stake in Clarus during the first quarter worth about $128,000. Finally, MetLife Investment Advisors LLC purchased a new stake in Clarus during the fourth quarter worth about $105,000. 60.30% of the stock is owned by institutional investors and hedge funds.
Clarus Company Profile
Clarus Corporation focuses on the outdoor and consumer industries in the United States, Canada, Europe, the Middle East, Asia, Australia, New Zealand, Africa, and South America. The company develops, manufactures, and distributes outdoor equipment and lifestyle products with focus on the climb, ski, mountain, sport, and skincare categories.
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